Brief: ID Logistics Completes Acquisition Of Kane Logistics In U.S.

Id Logistics SAS

04/04/2022 06:52

April 4 (Reuters) - ID Logistics SAS  IDLA.PA :
    * ID LOGISTICS IS GIVING ITSELF THE MEANS FOR STRONG
DEVELOPMENT
IN THE UNITED STATES BY COMPLETING THE ACQUISITION OF KANE
LOGISTICS
    * KANE LOGISTICS HAS EXPERIENCED REVENUE GROWTH OF +20% PER
YEAR
SINCE 2019 TO REACH $235 MILLION IN 2021
    * COMPLETION OF ACQUISITION OF 100% OF KANE LOGISTICS IN
UNITED
STATES
    * STRENGTHENED PRESENCE IN UNITED STATES: REVENUE OF $350
MILLION
IN 2021 PRO FORMA POST-ACQUISITION
    * BNP PARIBAS FOR FINANCING (RACHIDA TOURNIER, EDWIGE
LACROIX)
    * STAN SCHRADER, CHIEF COMMERCIAL OFFICER OF KANE LOGISTICS,
HAS
BEEN APPOINTED CEO OF ID LOGISTICS US
    * ID LOGISTICS NOW RELIES ON KANE LOGISTICS TEAMS TO MANAGE
ALL OF
ITS ACTIVITIES IN UNITED STATES

Source text for Eikon:  ID:nBw1YDSZfa 
Further company coverage:  IDLA.PA 

 (Gdansk Newsroom)